4 ms·
Exactly my point. This market has winner take all type dynamics. Consider the textiles industry. There are brands selling expensive t-shirts for nice profit ma
by grizzles 8y ago
Exactly my point. This market has winner take all type dynamics.
Consider the textiles industry. There are brands selling expensive t-shirts for nice profit margins. And there are a ton of t-shirt exporters that can probably barely string a few dimes together.
It's exactly the same in the smartphone market. There are ~50+ Chinese smartphone manufacturers that are barely profitable. They wholesale $20-$40 phones in the Indian market to stay afloat.